IHOP Launches 'International Bank of Pancakes' Rewards Program
Niko Pajkovic — March 9, 2022 — Business
IHOP, an American multinational pancake and breakfast food chain, has announced the launch of 'International Bank of Pancakes,' a new digital loyalty program designed to attract customers who have become increasingly digitally dependent in recent years.
The new program will offer guests the chance to earn digital tokens called PanCoins, which can be traded in for free food. There are three ways customers will be able to gain PanCoins: by paying directly from the app using a QR code located on their table, by scanning a barcode on their physical receipt, or by placing a to-go order through the app or website. Every $5 spent earns them one PanCoin that holds the value of one IHOP pancake.
“This is the first time we’ve launched a true loyalty program. Part of what’s important is we’ve integrated our technology, so we’re focused on better digital experiences for our guests,” CMO of IHOP, Kieran Donahue
Image Credit: IHOP
The new program will offer guests the chance to earn digital tokens called PanCoins, which can be traded in for free food. There are three ways customers will be able to gain PanCoins: by paying directly from the app using a QR code located on their table, by scanning a barcode on their physical receipt, or by placing a to-go order through the app or website. Every $5 spent earns them one PanCoin that holds the value of one IHOP pancake.
“This is the first time we’ve launched a true loyalty program. Part of what’s important is we’ve integrated our technology, so we’re focused on better digital experiences for our guests,” CMO of IHOP, Kieran Donahue
Image Credit: IHOP
Trend Themes
1. Digital Loyalty Programs - The rising trend of digital loyalty programs can be adopted by businesses in various industries by providing customers with digital tokens, which can be redeemed for goods or services.
2. QR Code Integration - Integration of QR code technology in businesses can enable customers to have a seamless experience while earning rewards and can drive sales for the industry.
3. Gamification in Loyalty Programs - The use of gamification in loyalty programs can increase customer engagement and satisfaction leading to repeat business and brand loyalty in various industries from restaurant to retail.
Industry Implications
1. Food and Beverage - Adoption of digital loyalty programs can provide a competitive advantage for food and beverage businesses looking to enhance customer experience through rewards and incentives.
2. Retail - Integrating QR code technology in retail businesses can provide customers with an easy way to earn rewards while shopping and can lead to increased customer loyalty.
3. Technology - Businesses involved in the development and implementation of digital loyalty programs and QR code technology can benefit from the increasing demand for tech-driven services in various industries.
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